RUBBER-Japan futures fall from 10-month high on lower oil prices
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Japanese rubber futures fell from a 10-month high due to profit-booking and declining oil prices. The Osaka Exchange rubber contract for June delivery dropped 0.5% to 355.1 yen per kg, while the Shanghai Futures Exchange contract for May delivery decreased by 1.73% to 15,930 yuan per metric ton. Analysts noted that investors were de-risking ahead of the weekend. Oil prices also fell after comments from U.S. President Trump eased concerns about supply disruptions in Iran. Natural rubber prices are influenced by oil prices as they compete with synthetic rubber.
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